The following entry for the Compendium is one of various different examples where mathematics will be employed to arrive at conclusions. Nothing too difficult insofar as every calculation relies on a basic understanding of simple arithmetic. This applies for both… Read More ›
Economics
Compendium: The Four Functions and Six Attributes of all Currencies
Every Currency, including the Work-Standard, must be able to exhibit four consistent characteristics. Without those key defining characteristics, they are unworthy of being practical in the everyday affairs of any nation-state. These characteristics are: Medium of Exchange: A Currency is… Read More ›
Compendium: CMEA’s Fixed Exchange Rates and its Hard Currency Shops
There are no doubts whatsoever that the demise of the Eastern Bloc countries and the Soviet Union by extension came as a direct result of the death of Bretton Woods. While the Western Bloc and the United States opted for… Read More ›
Financial Markets and the Quest for their Work-Standard Alternative (Pt. I of II)
Financial Markets are one of several defining traits of life under Liberal Capitalism. They are financial institutions designed specifically to facilitate transactions pertaining to the purchase and sale of Kapital. This form of Kapital refers the assets of Securities such… Read More ›
Oswald Spengler’s Prussianism and Socialism (Part IV of IV)
The Spenglerian association of Prussia with Socialism, as paradoxical as it may seem to most people, does have an historical basis. The history surrounding this association is unfortunately too obscure, even though a Prussian origin can be discerned in the… Read More ›
Compendium: Primer on Taxation, Welfare, Insurance, and Vocations
The economic model advocated by the Work-Standard is one characterized as a “Vocational Civil Service Economy.” Economic activities registered as Arbeit (Work) under the Planned or Command Economy of the Socialist nation-state must always come from citizens employed in “Vocations.”… Read More ›
Compendium: Exchange Rates and the Impossible Trinity
Every Currency has an Exchange Rate that determines its Value when compared against the Value of another Currency. This is best demonstrated by the Price of conversions between one Currency to another. If one wishes to know how much their… Read More ›
Oswald Spengler’s Prussianism and Socialism (Part III of IV)
A large portion of Prussianism and Socialism was devoted to the “English instinct,” the term Spengler chose to describe Liberal Capitalism. Spengler specifically chose this term, just as he had also identified Socialism as being the “Prussian instinct,” because he… Read More ›
Oswald Spengler’s Prussianism and Socialism (Part II of IV)
Prussia, as a political entity in the world, was dissolved by the Allied Powers in the opening stages of the Cold War. Its territorial claims by West Germany ceased in what can only be described as the Faustian bargain. Prussia… Read More ›
Oswald Spengler’s Prussianism and Socialism (Part I of IV)
The proliferation of differing interpretations of Socialism after 1945 is indicative of a lack of awareness about its historical origins. Yes, there is the commonly-known association of the “Socialist Mode of Production” to “Scientific Socialism,” the interpretation of Karl Marx… Read More ›
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